Examples of Original Operating Agreement in a sentence
Simultaneously with the execution of the Original Operating Agreement, the Company issued one hundred (100) fully paid and nonassessable LLC Interests to the Trust as Original Member, which was admitted as a Member of the Company in respect thereof.
Notwithstanding the foregoing, the amendment and restatement of the Original Operating Agreement effected hereby shall not relieve any party thereto of any undischarged obligation or liability of such party in respect of the period prior to the Effective Date under the Original Operating Agreement.
This Agreement (together with the documents, exhibits or schedules attached hereto and referenced herein) constitutes the entire agreement among the Members with respect to the subject matter hereof and supersedes any prior agreement or understanding among them with respect to such subject matter, whether oral or written, including, without limitation, the Original Operating Agreement.
In the event of any inconsistency between this Agreement and either of the Original Operating Agreement or the Original Purchase Agreement, this Agreement shall prevail.
Simultaneously with the execution of the Original Operating Agreement and the formation of the Company, the Original Member was admitted as a Member of the Company.